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Learn To Trade the Forex Markets - The World's Most Exciting Way To Trade!
Forex Trading (or foreign currency trading) is a fast-paced and exciting way to profit from moves in the world financial markets.Smart investors can predict and then take advantage of fluctuations in the value of one currency as it relates to another. With a highly-leveraged account, a trader can start with as little as $300, and control tens of thousands of dollars worth of foreign currency. Even a change in the value of a currency of only half a cent can create profits that total in the thousands of dollars!
Getting started in the world of Forex investing is easy! All you need to do is find a reputable broker and open an account. Then, simply fund the account, learn the basics of trading, and you're on your way.
Of course, you can't expect to make money without a lot of practice. Before you even think about investing your own money, it is essential that you use your broker's demo function to get used to the trading platform, and test out your strategies.
Without years of experience, and loads of data at your fingertips, you can't really expect to create a successful trading strategy on your own. Fortunately, there are several investors who have discovered successful strategies, and they are willing to share them or sell them for a reasonable price.
Forex Forums like Forex Factory and MoneyTec are great resources for beginners.
Books like Simple Forex and Bird Watching In Lion Country layout specific strategies that have proven to be successful and can be traded by anyone willing to employ these strategies.
Recent Forex News
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Foreign Exchange Market Commentary
EUR/USD closed lower on Thursday as it consolidated some of the rally off June's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral hinting that a short-term top might be in or is near. Closes above the...
FX Technical Commentary
Euro 1.3960 Initial support at 1.3827 (Jun 29 low) followed by 1.3827 (Jun 22 low). Initial resistance is now located at 1.4201 (July 1 high) followed by 1.4267 (Jun 5 high)
Daily Technical Analysis
The EURUSD failed to continue it's bullish momentum yesterday. The pair was unable to stay above 1.4176 area bottomed at 1.3988 and closed at 1.4002. The Greenback was in fact supported by risk aversion following worse than expected NFP data. Technically on h4 chart below, the trendline support has been...
Chart Of The Day: AUD/USD
Dollar-strengthening price action on AUD/USD, a daily chart of which is shown, has once again descended back down to a key uptrend support line extending from the March lows. This line has already been touched three times since its inception, and the current bearishness has created a fourth. While this...
USD/JPY Declines with Pullback in U.S. Equities
The USD/JPY’s little rally is fading again as volume subsides. It seems the USD/JPY is dribbling to a dead-halt directionally with four consecutive lower highs (4/6, 5/7, 6/5, and now 7/1) combined with two consecutive higher lows (5/22, 6/23). The currency pair remains stuck choosing between the two deteriorating economies...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
US Jobs Data Disappoints The Market
U.S. Dollar Trading (USD) had its largest rally in two months as risk aversion spiked higher after weak US jobs data put the recovery story in doubt. Oil slipped over 4% as less jobs indicates consumer demand should remain weak. June Non Farm Payrolls at -467k (F.-360k) and Unemployment Rate...
Forex Exchange Morning Report
Sentiment soured after the US payrolls report, showing more jobs lost than the market expected. The S&P500 fell immediately (via the futures contract, prior to the opening bell), the index down 2.3% near the close this morning. Oil fell 4%, copper 1%, in sympathy. US 10yr treasuries' gains were 12bp...
Dollar Looking For Direction
The dollar and yen rose after US employment dropped more than expected, dampening economic recovery prospects. Stocks and commodities fell as investors sought haven in treasuries ahead of a long weekend in the US. The S&P 500 fell 26.91 points to 896.42. The European and commodity currencies declined on increased...
Nonfarm Payroll Data Much Weaker, Extends Greenback's Overnight Gains on Incr...
June's nonfarm payroll release disappointed forecasts, with the economy shedding 467K jobs. That number undershot forecasts of a 345K decrease, and changes the outlook for the US labor market. Expectations had been for a slowdown in the pace of firings which could help improve the chances of a recovery. Though...
Currency Market Consolidates Throughout The U.S. Session
Overall, the currency market moved on increased volume on Thursday, as the economic calendar of the U.S. session was loaded with top tier releases. Among them, the NFP and the ECB press conference were the two most important, but so far it seems that the market has priced-in the weaker...
Newsfeed display by CaRP
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Foreign Exchange Market Commentary
EUR/USD closed lower on Thursday as it consolidated some of the rally off June's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral hinting that a short-term top might be in or is near. Closes above the...
FX Technical Commentary
Euro 1.3960 Initial support at 1.3827 (Jun 29 low) followed by 1.3827 (Jun 22 low). Initial resistance is now located at 1.4201 (July 1 high) followed by 1.4267 (Jun 5 high)
Daily Technical Analysis
The EURUSD failed to continue it's bullish momentum yesterday. The pair was unable to stay above 1.4176 area bottomed at 1.3988 and closed at 1.4002. The Greenback was in fact supported by risk aversion following worse than expected NFP data. Technically on h4 chart below, the trendline support has been...
Chart Of The Day: AUD/USD
Dollar-strengthening price action on AUD/USD, a daily chart of which is shown, has once again descended back down to a key uptrend support line extending from the March lows. This line has already been touched three times since its inception, and the current bearishness has created a fourth. While this...
USD/JPY Declines with Pullback in U.S. Equities
The USD/JPY’s little rally is fading again as volume subsides. It seems the USD/JPY is dribbling to a dead-halt directionally with four consecutive lower highs (4/6, 5/7, 6/5, and now 7/1) combined with two consecutive higher lows (5/22, 6/23). The currency pair remains stuck choosing between the two deteriorating economies...
Newsfeed display by CaRP
Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
US Jobs Data Disappoints The Market
U.S. Dollar Trading (USD) had its largest rally in two months as risk aversion spiked higher after weak US jobs data put the recovery story in doubt. Oil slipped over 4% as less jobs indicates consumer demand should remain weak. June Non Farm Payrolls at -467k (F.-360k) and Unemployment Rate...
Forex Exchange Morning Report
Sentiment soured after the US payrolls report, showing more jobs lost than the market expected. The S&P500 fell immediately (via the futures contract, prior to the opening bell), the index down 2.3% near the close this morning. Oil fell 4%, copper 1%, in sympathy. US 10yr treasuries' gains were 12bp...
Dollar Looking For Direction
The dollar and yen rose after US employment dropped more than expected, dampening economic recovery prospects. Stocks and commodities fell as investors sought haven in treasuries ahead of a long weekend in the US. The S&P 500 fell 26.91 points to 896.42. The European and commodity currencies declined on increased...
Nonfarm Payroll Data Much Weaker, Extends Greenback's Overnight Gains on Incr...
June's nonfarm payroll release disappointed forecasts, with the economy shedding 467K jobs. That number undershot forecasts of a 345K decrease, and changes the outlook for the US labor market. Expectations had been for a slowdown in the pace of firings which could help improve the chances of a recovery. Though...
Currency Market Consolidates Throughout The U.S. Session
Overall, the currency market moved on increased volume on Thursday, as the economic calendar of the U.S. session was loaded with top tier releases. Among them, the NFP and the ECB press conference were the two most important, but so far it seems that the market has priced-in the weaker...
Newsfeed display by CaRP